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NYC NYC
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8 years ago
If an individual is a debtor, an increase in the interest rate:
A) has no effect on current consumption.
B) decreases current consumption.
C) increases current consumption.
D) will either increase or decrease current consumption depending on the size of the income and substitution effects.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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